MTI Wireless Edge Limited
26 November 2007
MTI Wireless Edge Limited (the 'Company')
Holding in Parent Company
Further to the Company's announcement on 3rd September 2007 regarding the share
purchase agreement entered into between Mokirei Aya Ltd. ('Mokirei Aya') and
Inspire Investment Ltd. ('Inspire') for the purchase of Mokiei Aya's holdings in
MTI Computers and Software Services (1982) Ltd. ('MTI Computers'), the principal
shareholder of the Company, the Company hereby announces that it has been
informed by MTI Computers that Inspire has decided not to complete the share
purchase transaction.
Contacts:
MTI Wireless Edge +972 3 900 8900
Dov Feiner, CEO
Moni Borovitz, Financial Director
Blue Oar Securities Plc +44 20 7448 4400
Matthew Marchant
Shane Gallwey
Daniel Stewart & Company +44 20 7776 6550
Lindsay Mair
Threadneedle Communications +44 207 936 9605
Graham Herring
Josh Royston
About MTI Wireless Edge
MTI designs and manufactures flat panel antennas, largely supplied to
international OEMs of fixed broadband wireless access systems. With over 30
years of technical 'know-how', flexible high volume manufacturing capabilities
and low failure rates, MTI's antennas now comprise approximately 25% of the
global fixed broadband wireless antenna market. In addition, the Company has
successfully developed products for new commercial applications as wireless
systems become increasingly prevalent in new markets.
This information is provided by RNS
The company news service from the London Stock Exchange